Siebert Advisornxt, Inc. (New York)
Siebert Advisornxt, Inc. is a mid-sized advisory firm based in New York. It manages $55.82 million of regulatory assets for 165 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Alabama, Arizona, California, and 24 other states.
Siebert Advisornxt provides portfolio management for individuals and small businesses and digital advisor. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Siebert Advisornxt: assets under management
The assets under management (AUM) of Siebert Advisornxt, Inc. is $55.82 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -28% since the beginning of its operation, and $55.82 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in exchange traded securities the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Siebert Advisornxt, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Siebert Advisornxt serves?
The firm provides services to individuals and high net worth individuals. The largest group of clients of Siebert Advisornxt is individuals with 165 clients and $41.05 million of assets under management. Among the 2 most similar advisory firms, Siebert Advisornxt has the lowest percentage of individuals out of all clients.
The amount of regulatory assets under management is $55.82 million for 166 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Siebert Advisornxt doesn't advise any private funds.
Careers at Siebert Advisornxt, Inc.
The company employs 32 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 29 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Mark Peter Malek has served as the Chief Investment Officer since 1 May 2017. John Michael Gebbia joined the executive team most recently as the Chief Executive Office.
Direct owners and executive officers
Based in New York
The principal office where Siebert Advisornxt, Inc. performs its advisory services is located at 120 Wall Street, New York, NY 10005, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 800-872-0444 or by fax 212-486-2784. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at advisornxt.com.
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